Playtech Marginally Ahead of Analysts’ Expectations

After analysts find its figures to be “marginally ahead” of their expectations, Playtech has seen a good year.

The online casino software company Playtech has found its total revenue intake to have slightly exceeded analysts’ expectations.

The forecast for Playtech predicted a total income of GBP 312.2 million, with a pre-tax profit of GBP 121.8 million and its earnings per share being 43.83p.

Things have been going strong for Playtech, who signed new licenses last year, including a contract with Dutch gambling monopoly Holland Casino, in advance of the changes to Dutch gambling laws allowing for the regulation of online gambling.

Playtech sees increase in total revenue, exceeds analysts’ expectations

New doors are opening for Playtech, which will further expand its outreach of mobile betting and online gambling to new locations, so it’s easy to see why everything is looking good in the forecasts.

“Playtech completed the rollout of further market-leading products, specifically focusing on its mobile and sports verticals both in Europe and elsewhere,” said Playtech, “a part of the company’s strategy to further diversify its business and create the building blocks for future growth.”

“In line with its strategy, Playtech continues to strengthen its position by signing new licensees and co-operating closely with the company's existing licensees ahead of major sports events later this year.”

The Dutch online gambling market is expected to become regulated by early 2015, and Playtech’s partnership with Holland Casino will see the Dutch move into online gambling, including poker, bingo, casino, mobile and portal.